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Steve Fabos Acquires Industrial Property In North Hollywood For $6.3M

Property Image
SOLD
$6,300,000
Patrick Long
Ryan Rothstein-Serling
Martin Agnew
+ 3

California

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Industrial21,784 SF
Sold 08/24/2022
the dealplayerscompscontact
Property Image
SOLD

Steve Fabos Acquires Industrial Property In North Hollywood For $6.3M

13311 Sherman Way, North Hollywood, California 91605, United States

See Similar Deals
Industrial21,784 SF
Sold 08/24/2022
Patrick Long
Ryan Rothstein-Serling
Martin Agnew
+ 3
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$289
Total Square Footage:21,784 SF
Transaction Type:Sale

Located at 13311 Sherman Way in North Hollywood, this industrial property has recently been sold. The transaction took place on 08/24/2022, with a sale price of $6,300,000. The property spans across 21,784 square feet, resulting in a price per square foot of $289.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $6,300,000
  • Address: 13311 Sherman Way
  • Market: North Hollywood
  • Square Footage: 21,784

The buyer, Steve Fabos, acquired the property from the seller, Karine Kanimyan. Representing the buyer was Patrick Long of Stevenson Real Estate. Martin Agnew, Ryan Serling, and David Schatz of Agnew | Serling Group - Marcus & Millichap acted as the seller's representatives in the deal.

Players

David Schatz
Marcus & Millichap
David Schatz
8 deals$20.4M volume(818) 212-2661
BROKER
Martin Agnew
Marcus & Millichap
Martin Agnew
119 deals$436.8M volume
BROKER
Ryan Rothstein-Serling
Marcus & Millichap
Ryan Rothstein-Serling
122 deals$509.8M volume(818) 212-2725
BROKER
Patrick Long
Stevenson Real Estate Services
Patrick Long
3 deals$12M volume
BROKER
SF
Steve Fabos
2 deals$6.3M volume
BUYER
KK
Karine Kanimyan
2 deals$6.3M volume
SELLER

Details

SOLD
IMAGE: Patrick Long, David Schatz, Martin Agnew & Ryan Serling DATE: 08/24/2022 ADDRESS: 13311 Sherman Way MARKET: North Hollywood ASSET TYPE: Industrial BUYER: Steve Fabos SELLER: Karine Kanimyan BUYER'S REP: Patrick Long - Stevenson Real Estate SELLER'S REP: Martin Agnew (@MartyAgnew), Ryan Serling (@Ryanrs14) & David Schatz (@Davshots) - Agnew | Serling Group (@AgnewSerlingGroup) - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $6,300,000 SF: 21,784 ~ PPSF: $289

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57